A former associate at US elite firm Skadden Arps Slate Meagher & Flom is suing the firm for defamation and wrongful termination of employment. Former Los Angeles-based associate Gary Green is suing Skadden in a Californian court, claiming he was fired from the firm after giving a junior associate a critical review. He alleges that […]
Shearman & Sterling has landed a lead role advising one of the largest victims of US hedge fund manager Bernard Madoff’s $50bn (£33bn) pyramid scheme. New York-based partners Steven Molo and James Garrity are leading a team advising Boston-based philanthropists Carl and Ruth Shapiro, who invested in excess of $500m (£329m) in the Madoff funds. […]
Slaughter & May and Linklaters have helped Land Securities and property business Telereal reach an agreement on the sale of Land Securities Trillium. Slaughter & May and Linklaters have helped Land Securities and property investment company Telereal reach an agreement on the sale of Land Securities Trillium for £444m in cash. Slaughters corporate finance partners […]
Cadwalader Wickersham & Taft has lost two bankruptcy partners, including its co-chair of restructuring Bruce Zirinsky, to Greenberg Traurig. Zirinsky will join Greenberg with fellow bankruptcy partner John Bae, despite the promise of a place on the firm’s management committee later this month. “Bruce has been trying to get on the committee for years,” said […]
Sonnenschein Nath & Rosenthal has won the lead role on the sale of US bank IndyMac after hiring 100 Thacher Proffitt & Wood lawyers. Sonnenschein Nath & Rosenthal has bagged the lead role on the $13.9bn(£9.19bn) sale of US bank IndyMac following its December capture of 100lawyers from Thacher Proffitt & Wood. Former Thacher Proffitt […]
IP boutique Powell Gilbert has recruited Nokia’s former head of IP litigation as its seventh partner. Finnish national Ari Laakkonen joined the firm yesterday from the London office of Bird & Bird, where he spent a year as senior European counsel. “We’re looking to grow IT and electronics,” said founding partner Penny Gilbert. “We’re often […]
Nabarro has made a significant hire in its property group, poaching Dechert‘s UK real estate chief Ciaran Carvalho. Carvalho will joins Nabarro’s property group as a partner, having served as head of real estate at Dechert for six years. Nabarro senior partner Simon Johnston said: “Ciaran has a fine reputation and is a well-known and […]
The Solicitors Regulation Authority (SRA) today launched a series of allegations of misconduct against six partners at Barnsley-based Raleys Solicitors in relation to their handling of compensation claims from sick coalminers. The Solicitors Disciplinary Tribunal, which is expected to last 20 days, is thought to be one of the longest hearings of its kind. The […]
Thames Valley firm Morgan Cole has taken over Bristol-based insurance boutique CIP Solicitors, which has four partners and 75 staff. The acquisition will quadruple the size of Morgan Cole’s Bristol office and strengthen its insurance capacity to around 30 per cent of the firm’s turnover. Morgan Cole’s commercial director Tim Pashley said: “We’re finding that […]
Linklaters has been named adviser to the administrator of another failing UK business, with Deloitte instructing the firm on the administration of luxury goods maker Waterford Wedgwood. Linklaters has been named as adviser to the administrator of another failing UK business, with Deloitte instructing the firm on the administration of luxury goods maker Waterford Wedgwood. […]
Scores of law firms are in the firing line for professional negligence claims this year, The Lawyer’s annual top cases survey reveals. Eversheds, along with Browne Jacobson, is facing a battle with Nationwide Building Society worth more than £20m after the financial lender found itself the victim of mortgage fraud. Linklaters ;is ;suing Fladgate Fielder […]
In-house lawyers at London’s major investment banks are bracing themselves for a fresh round of redundancies after seeing 10 per cent of legal staff at some banks losing their jobs. In-house lawyers at the major investment banks in London are bracing themselves for a fresh round of redundancies after seeing 10 per cent of legal […]